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7345 PENROD Street Detroit, MI 48228
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Key Details
Sold Price $66,100
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $82
MLS Listing ID 20250010414
Sold Date 05/19/25
Bedrooms 2
Full Baths 1
Year Built 1939
Annual Tax Amount $1,233
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 138.00
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**
Location
State MI
County Wayne
Area Wayne County - 100
Direction N of Warren / W of Southfield
Interior
Heating Forced Air
Exterior
View Y/N No
Garage No
Building
Story 2
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District Detroit
Others
Tax ID W22I078199S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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